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Mr. Baxter was appointed as a director of the Company on March 31, 2005 and as President and CEO on November 28, 2005. Mr. Baxter has a 20 year career in international resource exploration and development.
Originally trained as a geophysicist, Mr. Baxter received a Bachelor of Science (Honors) from the University of Liverpool in 1975. Mr. Baxter worked on geophysical survey and exploration projects in the U.K., Europe, Africa and the Middle East. From 1981 to 1985, Mr. Baxter was a director with Resource Technology plc, a geophysical equipment sales/services company. Resource Technology went public on the USM in London in 1983 and graduated to the London Stock Exchange in 1984.
Mr. Baxter was a non-executive director with Ocean Marine Technologies, Inc. from 1987 to 1990. Ocean Marine Technologies was involved in offshore gold exploration and light manufacturing and went public on the Vancouver Stock Exchange in 1986.
Mr. Baxter was Chief Operating Officer and a director of A&B Geoscience Corporation from 1992 to 2003. During this period, Mr. Baxter negotiated the first seismic survey in the Caspian Sea by a western contractor and the first onshore production sharing agreement in Azerbaijan signed in 1998. A&B Geoscience Corporation raised over US$35 million in equity and debt financing for its seismic operations and oil and gas exploration and development activities. | 